With German business schools such as EBS Business School, WHU Otto Beisheim School of Management, ESMT European School of Management and Technology, Mannheim Business School, and GISMA Business School all featuring in the QS Global 200 Top Business Schools Report MBA rating for Europe, MBA applicants wishing to study in Germany have a lot of choice.
Ranked tenth globally for future MBA demand, MBA graduates in Germany are set to enjoy greater ease in finding that all-important first post-MBA job.
In the QS TopMBA.com Jobs and Salary Trends Report 2011/12, employers and recruiters reported a predicted 28% growth in the amount of MBA jobs in Germany by the end of 2011, followed by a further 4% increase in the following 12 months.
“The German economy is usually the engine of MBA demand in Western Europe,” writes Nunzio Quacquarelli, managing director of QS Quacquarelli Symonds Ltd, and author of QS' report.
“Strong demand for German goods in Asia in particular, has fuelled a demand for Asian MBAs to join German companies. Likewise, many service companies are desperate to recruit German MBAs to serve their successful German clients.”
Lagging only behind the UK in terms of MBA demand in Europe, Germany has a very different profile of companies hiring MBAs, as technology, engineering and software companies sit alongside consulting firms as the major MBA employers in the country.
Local MBA employers in Germany offer fresh MBA-graduates an average salary of US$79,000, while multinational employers based in Germany offer an average of US$83,500.
However, German-based MBA applicants have by far the highest post-MBA salary expectations in the world according to the QS TopMBA.com Applicant Survey 2011. While German MBA candidates target post-MBA salaries averaging US$145,000, the next highest expected salaries are those of UK-based MBA applicants at $124,000, France at $120,000 and the US at $118,000.
For foreign nationals looking to work in Germany after their MBA, a slackening of the country’s visa access rules will have proved popular.
In previous years, a resident labor market test existed that gave German nationals preference over all foreign nationals for jobs.
International MBA students can now be employed by German companies without having to take this labor market test. In the last 12 months, there has been a significant increase in the number of international students finding employment in Germany.
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